Eurazeo et al. invest in Back Market

PE house Eurazeo, VC firms Aglaé Ventures and Daphni, and investment company Groupe Arnault contributed to the round.

It follows an initial funding round that closed on €7m in May 2017 and was backed by Daphni and Aglaé Ventures.

The fresh capital will help the startup expand its teams in France and abroad, recruiting a number of developers before the end of the year.

Company
Launched in 2014, Back Market helps consumers find refurbished smartphones, tablets, televisions and secondhand appliances. The company is based in Paris.  

Consumers can purchase devices directly from certified refurbishing factories, distributors and brands. The devices come repaired and have warranties. The business claims to offer products that are priced 30-70% lower than the current market price.

Back Market employs a team of around 100 people across its offices in Paris, Bordeaux and New York. It posted revenues of €2.5m in 2016.

People
Back Market – Thibaud Hug de Larauze (CEO, co-founder).
Aglaé Ventures – Antoine Loison (managing director).
Eurazeo – Yann du Rusquec (managing director).   
Daphni – Pierre-Yves Meerschman (partner, co-founder).  

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• France
• Consumer
• France
• Eurazeo
• Venture